Constituent Update Batch Import Processes are running slowly

Constituent Update Batch Imports are experiencing performance issues (extremely lengthy run times).
We’re currently evaluating this issue for a fix in a future service pack. 

Steps to Duplicate

1. Login to BBCRM.
2. Go to Administration > Imports > Run a constituent update batch import process
3. Notice that the process runs for a long period of time.

Environment

 Blackbaud CRM
 4.0
 4.0.173

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